thousand dollars ($100,000), and to issue debentures of the city to represent same, for the purpose of constructing a central police station and equipping a police patrol signal service; And whereas it is intended to issue debentures, by the sale of which to realize the moneys necessary for said purposes, making the said debentures extend over a period of thirty years from the issue of same; And whereas the total amount required annually by special rate for paying the new debt and interest thereon (the interest upon debt being computed at four per centum per annum and the interest on the estimated re-investment of the sinking fund being computed at three and a half per centum per annum) during which year or period of thirty years, beginning with the year 1905 and ending with the year 1934, is five thousand nine hundred and thirty-seven and 20.100 dollars ($5,937.20), the interest being four thousand dollars ($4,000), and the levy for sinking fund being one thousand nine hundred and thirty-seven and 20.100 dollars, ($1,937.20); And whereas the amount of the whole rateable property in the City of Winnipeg, according to the last revised assessment roll of the said city, namely, the assessment roll of the year 1904, is forty-eight million, two hundred and fourteen thousand, nine hundred and fifty dollars ($48,214,950); And whereas the amount of the existing debenture debt of the City of Winnipeg, exclusive of local improvement debts secured by special acts, rates or assessments (but including the debts for waterworks and electric lighting), is four million, six hundred and ninety-one thousand, one hundred and twenty-two and 27.100 dollars ($4,691,122.27); Now therefore the municipal council of the City of Winnipeg, in council assembled, enacts as follows: (1) This by-law shall come into force and take effect on the twenty-first day of January, A.D. 1905. (2) The debt hereby created and intended to be created shall be payable in thirty years from the twenty-first day of January, A.D. 1905, namely, on the twenty-first day of January, A.D. 1935. (3) One hundred debentures of the City of Winnipeg, each for the sum of one thousand dollars, shall be duly prepared, executed and sold for the purposes aforesaid. (4) Said debentures shall be deemed to have been properly executed by being signed by the mayor, treasurer and comptroller of the city and sealed with its corporate seal. (5) Sixty coupons shall be attached to each of said debentures, and each said coupon shall be for the sum of twenty dollars, said sum being the interest at four per centum per annum upon each debenture for a period of one half year, one coupon being made payable each six months after the date of such debentures. (6) Said coupons shall be deemed to have been properly executed by each one having printed or lithographed thereon the names of the mayor and treasurer of the city, and the same shall be countersigned by the comptroller writing his initials thereon. Each coupon shall be numbered with the number of the debenture to which it is attached. (7) Each debenture shall bear date the twenty-first day of January, A.D. 1905, being the date on which this by-law takes effect as aforesaid), and shall contain a promise to pay the principal of said debenture and also the interest thereon at said rate of four per centum per annum, which payment of interest shall be made by the payment of the respective coupons attached to the debenture. (8) The said debentures shall be made payable at the Canadian Bank of Commerce, City of Winnipeg. The amount of said coupons, namely, the said interest, shall be payable at any of the chief agencies of the said Canadian Bank of Commerce in the following cities:- London (England), New York, Montreal, Toronto and Winnipeg, and each coupon payable at the City of London may be paid in sterling exchange, four pounds, two shillings and two pence, instead of twenty dollars. (9) There shall be raised annually during each of the twentynine years, beginning with the year 1906 and ending with the year 1934, by special rate sufficient therefor on all the rateable property in the City of Winnipeg, the sum of four thousand dollars ($4,000), to provide for the payment of interest on the said sum of one hundred thousand dollars ($100,000), during the currency of said debentures. (10) There shall be raised annually during each of the said thirty years, beginning with the year 1905 and ending with the year 1934, by special rate sufficient therefor upon all the rateable property in the City of Winnipeg, the sum of one thousand nine hundred and thirty-seven and 20.100 dollars ($1,937.20), to provide for the payment of the debt, interest being estimated on the reinvestment of such annual sums at the rate of three and a half per centum per annum. (11) The total of said two sums, for the payment of interest and for the payment of the debt referred to in the two immediately preceding clauses of this by-law, being the sum of five thousand nine hundred and thirty-seven and 20.100 dollars ($5,937.20), shall be raised and levied in each year by special rate sufficient therefor on all the rateable property in the City of Winnipeg, as provided for said sums respectively in the two immediately preceding clauses hereof. (12) This by-law shall be submitted to the electors qualified to vote thereon on the thirteenth day of December, A.D. 1904, and for the purpose of taking the votes thereon the polls shall be opened at and remain open from the hour of nine o'clock in the forenoon to the hour of eight o'clock in the afternoon of said day in each of the following places in the City of Winnipeg, and at each of the said places the following persons shall be the respective deputy returning officers to take the votes of the electors upon this by-law, namely: Polling subdivision No. 1, 24 Main Street, Geo. A. Young. Polling subdivision No. 2, Fire Hall, No. 4 Gertrude Ave., C. R. Wilkes. Polling subdivision No. 3, 311 Main Street, Charles Carr. Polling subdivision No. 4, South Fire Hall, cor. York and Smith, I. A. Mathias. Polling subdivision No. 5, N. E. cor. Portage and Kennedy, L. H. Stanton. Polling subdivision No. 6, 322 Notre Dame Ave., C. J. Cowan. Polling subdivision No. 7, N. W. cor. Sargent and Young Streets, Geo. Adam. Polling subdivision No. 8, 474 Portage Ave., Cecil Wemyss. Polling subdivision No. 13, Civic Offices, J. B. Rutter. Polling subdivision No. 14, 400 McDermott .Ave., cor. Ellen Street, D. A. Stackpole. Polling subdivision No. 15, 504 Ross Ave., Wm. Baty. Polling subdivision No. 16, 852 Higgins Ave., A. M. S. Ross. Polling subdivision No. 17, North Fire Hall, cor. Higgins and Maple Street, F. M. Hetherington. Polling subdivision No. 18, Cor. Princess and Logan Ave., I. H. Conklin. Polling subdivision No. 19, 484 Logan Ave., H. C. Stevens. Polling subdivision No. 20, 782 Main Street, Geo. H. Craig. Polling subdivision No. 21, 465 Dufferin Ave., C. A. Boxer. Polling subdivision No. 22, A to L, 208 Selkirk Ave., A. M. Brown. Polling subdivision No. 22, M to Z, 208 Selkirk Ave., Geo. S. Stead. Polling subdivision No. 23, 1134 Main Street, Benj. L. Deacon. (13) And on the twenty-eighth day of December, A.D. 1904, at his office in the City Hall, in the City of Winnipeg, at the hour of three o'clock in the afternoon, the city clerk of the City of Winnipeg shall sum up the number of votes given for and against this by-law. (14) On the twelfth day of December, A.D. 1904, at the hour of four o'clock in the afternoon, the mayor of the City of Winnipeg shall attend at his office, in the City Hall, for the purpose of appointing persons to attend at the various polling places, and also to attend at the official summing up of the votes herein before referred to by the city clerk, on behalf of the persons interested in this by-law and promoting or opposing the passage of this by-law respectively. Done and passed in council assembled this day of A.D. 1904. Mayor. City Clerk. |